Llewellyn H. Rockwell Jr.'s Blog, page 341

Equity Crash Fuelling Liquidation

After declines in gold and silver prices in the second half of last week, this week started on a steady note, before heading south yesterday afternoon. In early morning trade in New York today (Thursday), gold was $2370, down $30 from last Friday, and silver at $27.60 was down $1.60.

The reason for this sudden development has little to do with gold and silver per se but is due to a developing panic in equities. While the US tech bubble was running out of steam, the rot set in in Japan, with the...

Inner Party Putsch Ousted Biden

What you just saw was a putsch by the Inner Party against Joe Biden, the duly elected president of the United States and the nominee for re-election by the Democratic Party after winning the vast majority of primary voters. Here’s the 2024 count:

Joe Biden                   14,465,519      87.09%
Uncommitted                   706,591         4.25%
Dean Phillips                   529,664         3.19%
Marianne Williamson     473,761         2.85%
Jason Palmer                      20,975         0...

Why the U.S. Secrecy Surrounding Evan Gershkovich?

Last Friday, a Russian court, operating in secret, convicted Wall Street Journal reporter Evan Gershkovich of espionage and sentenced him to 16 years in a Russian penal colony. Ever since Gershkovich’s arrest in March 2023, I have written extensively about the case.

The Journal and U.S. officials have responded to the verdict and sentence in the same way they have responded ever since Gershkovich’s arrest. They deny that he is a spy and say that he was simply doing his job as a reporter when he ...

No Matter Who Wins the November Election, Zionists Will Control the White House

With Joe Biden out of the race for president and Kamala Harris now the presumptive Democratic nominee, the question of who will control the White House is moot. Regardless of which party’s candidate wins, the Zionists will be the real victors.

The Republican Side

Donald Trump is by far one of the most Zionist politicians in U.S. history. He often brags that he is the best friend that Zionist Israel ever had in the White House (Harry Truman might object to that statement). He repeatedly claims th...

Have We Been Living in an MMT World Since 2008?

I recently viewed Finding the Money, a video aimed at persuading a popular audience of the putative merits of Modern Monetary Theory (MMT).  The video debuted this past May on several streaming platforms and theaters throughout the U.S.  Whether it succeeded or not in its purpose, I will leave it for others to judge.

What I found most noteworthy in the 95-minute video was a brief clip of an interview with George Selgin, an economist of some stature in free-market monetary policy circles.  When q...

The American Tradition of Abolishing Central Banks

In discussing the Mises Institute’s June 24th full-page Wall Street Journal ad entitled “Who Needs the Fed?” on talk radio recently most of the interviewers naturally expressed skepticism over whether the Fed could ever actually be abolished and a gold-and-silver standard reinstituted. It reminded me of something Murray Rothbard said about this. If the government had monopolized say, shoe production a hundred years ago and someone suggested the privatization of shoe production, there would be cr...

Mike Adams on the Acoustic Evidence

Mike Adams reports he has acquired 5 other recordings of the shooting taken from different locations. It is not clear by who and what the chain of custody has been. The one he first reported on is the Fox News recording from the podium where Trump was speaking.

Adams now says he can’t sustain the more than one shooter hypothesis. He now finds possible Secret Service complicity in the long time–a quarter of a minute–for the Secret Service to eliminate Crooks after the firing stopped. It is suspic...

Gaza Is the Single Defining Feature of This Political Moment in the US

“I’m not a big fan of that presidential candidate’s pro-genocide policies, but I like her positions on women’s reproductive healthcare” is not the sort of thing that would be said in a sane and normal country.

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The single defining feature of this political moment in the United States is that all major presidential candidates favor continuing the perpetration of an active genocide — and that everyone’s trying to tap dance around this issue.

That’s it. That’s the main story here. It’s not “Americ...

China Has Achieved Escape Velocity: It Is Now Unstoppable

The four-day, twice-a-decade plenum of the Communist Party of China that took place last week in Beijing, designing an economic road map all the way to 2029, was a stunning affair in more ways than one.

Let’s start with continuity – and stability. There’s no question after the plenum that Xi Dada, or The Big Panda, will stay on the helm until 2029 – the end of the current five-year economic drive.

And if Xi is healthy enough, he stays up to 2035: the fateful and uber game-changing target year fo...

China Brokers Unity in Palestine

This is an interesting development:

Palestinian factions agree to end division in pact brokered by China – SCMP

Rival Palestinian factions including Fatah and Hamas have signed an agreement aimed at ending their division and building unity following talks in Beijing, marking a diplomatic win for China.

Over the years Fatah and Hamas had already signed several agreements to build some unity government. All however have failed.

What gives hope is that this agreement might be sustained is the parti...